Study: Middle Class Suffers While Rich Get Richer

The new Economic Policy Institute (EPI) study - "The State of Working America, 12th Edition" - shows that the rich have gotten richer as the poor have gotten poorer. In addition, the middle class has done poorly as well. The study does not bring much to the view that there are "two Americas" economically. The EPI analysts write:

Low- and middle-income workers and their families would have had far better income growth over the past 30 years if economic policies had not directed the fruits of economic growth to the highest-income Americans,

And:

had there been no growth in income disparities since 1979, annual income for a middle-income household would have been $88,875 in 2007, $18,897 higher than the $69,978 it actually was. The median household lost wealth between 1983 and 2010 and had just $57,000 in net worth in 2010, rather than the $119,000 it would have had if wealth had grown equally across all households over this period.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Economy, Research

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acottontalewebb

The rich get richer and greedier than ever, as the middle class diminishes to a poor status. America? What has happend to us???? I wish for one minute that the wealthiest had to live a day in the life of the middle class. They couldn't handle it. Greedy S.O.B.'s!!!!

February 26 2013 at 1:13 AM Report abuse rate up rate down Reply
red79vett

And what is the point of that study? Whose \"fault\" is it that the middle class has done poorly? I don\'t know who or what the EPI is , but I am betting it is a left wing fruit factory.

Until the middle class realizes that their worst enemies are the leftist policies of the democrats and that the educational system has been highjacked by \"educators\" more interested in social engineering rathet than education, the middle class will continue to decline.


Get off your rears, refuse to look to the govenment to take care of you and take responsibilty for you own situations.

February 26 2013 at 12:51 AM Report abuse rate up rate down Reply
thomasrsaboy

WE ALL MAKE CHOICES AND HAVE DIFFERENT ABILITIES, MOTIVATION, AND ENERGY LEVELS !

February 23 2013 at 5:48 PM Report abuse rate up rate down Reply